Davos itself has a few shareholders. They are Quek Leng Chan, Quek Leng Chee, Kwek Leng Kee, Quek Leng Chye, Kwek Leng Hai, Kwek Kon Yew and Kwek Kon Eng. As of end-December 2023, HLIH’s net as set value stood at $37.1 billion.
Hong Leong Investment Holdings (HLIH) has been pushed into the spotlight. It is either the parent or the grandparent of the Kwek-Quek clan’s listed entities in Singapore, Malaysia and Hong Kong. Table 1 shows its financial snapshot.
Analysts reckon that GuocoLand (SGX:F17
) could play a key role in the restructuring of City Developments (CDL) because Davos Investment Holdings owns the largest single stake in the local developer with 33.6% (see Table 4).
